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Emission Derivative

A derivative in which the underlying is CO2 emission allowances (carbon credit or the so-called carbon emission certificates- EUA: European...

Strike Reset Put Option

A strike reset option (and a European put option) which allows the holder to shout (and hence it is a...

Long Range Forward Contract

A range forward contract which involves taking two opposite option positions on the same underlying. For example, a firm expects...

Reset Call Option

A reset option whose strike price is reset to the prevailing price of its underlying on a predetermined reset date...

Choice Min-Max Option

A compound option which enables the holder to lock into a range of an asset price or interest rate (or...

Concertina Swap

An interest rate swap in general and a type of a seasonal swap in particular, in which the tenor can...

Reset Put Option

A reset option (put option) whose strike price is reset to the prevailing price of its underlying on a predetermined...

Speed

A third-order greek that measures the rate of change in the option gamma in response to a change in the...

Average Rate Forward Contract

A forward contract or zero-cost range forward contract that is primarily used to cover maturities greater than 30 days with...

Timing Adjustment

An adjustment that is made to the forward value of a variable to account for the timing of a payoff...